Hermes DAO Price HMX

Hermes DAO Price Overview

The current Hermes DAO price is 0.000756000 €. The price has changed by 48.62% in the past 24 hours on trading volume of 914.296 €. The market rank of Hermes DAO is 6759 based on a market capitalization of 65714.37 €. Hermes DAO has a circulating supply of 86886435.20 HMX. The highest recorded Hermes DAO price is 0.030315160 €. And the lowest recorded HMX price is 0.000205250 €.

How do Hermes DAO price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.

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Analysing Hermes DAO’s price history

Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.

Make sure your price prediction for Hermes DAO matches your long-term and short-term financial goals.

There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.

Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Hermes DAO chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.

In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.

News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?

Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.

Factors influencing the Price of Hermes DAO

Many factors affect the value of Hermes DAO.

The Hermes DAO exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.

Government regulations have a great impact on the price of Hermes DAO and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.

Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of Hermes DAO in the news, monitor HMX on X. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.

Live Hermes DAO value and market cap

The live Hermes DAO exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.

The market capitalisation of Hermes DAO is equal to the value of Hermes DAO multiplied by the number of Hermes DAO in circulation.

What payment methods can I use to buy Hermes DAO

What can you do with your Hermes DAO?

Buy Hermes DAO with euros

Access Hermes DAO tokens before they are listed on centralised exchanges. Get the best rates and purchase with your card or bank account, all on one platform.

Exchange Hermes DAO

Swap some or all of your Hermes DAO for any other crypto with ease. No crypto platform makes transactions as fast and convenient as Kriptomat.

Use Hermes DAO

Use the Hermes DAO you buy with the Kriptomat app to access Web3 dApps, DeFi applications, games, and NFT marketplaces.

Sell Hermes DAO for euros

Simplify your life with the Web3 wallet that lets you sell your Hermes DAO for euros in seconds. Easily withdraw to your bank account or bank card.

Earn Hermes DAO

With Hermes DAO, you can easily access DeFi with liquidity pools. Liquidity pools are funds that allow users to lend or borrow Hermes DAO at competitive interest rates.

Hold your Hermes DAO

Your Hermes DAO tokens will be securely stored in your Kriptomat Web3 wallet. You can save it for a rainy day or until you’re ready to cash in.

How much is 1 Hermes DAO worth?

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Hermes DAO Price FAQ